The choice is a no brainer for me, a Board without the energy and specialist expertise with little skin in the game to really push them or an alternative of a charged up, fully invested and experienced team. The whole company had issues . There r some who have assumed that the Board had no notice of the two events in the non-disclosure . None of us really know the truth there and they won't comment because of litigation. Offering FW a consultancy where he can utilise his twenty year experience subject to him resigning his post if found culpable is fine. FW had the vision to pursue the agenda of value added sandalwood products. The fact he got to where he did with Nestle was a stunning feat. Nestle spent a HUGE amount re Proactive and made a commercial decision to concentrate on one line. The institutional investors appear to support the FW bid and he may even be able to convince the noteholders.
Bellamy's and its CEO is facing law suits due to non-disclosures . This did not detract from the CEO getting another job with another food company and she is being lauded for her success there . Talent is talent . I am sure she will disclosing every little trivial fact from now.The shake up of the team there put in place people with better hands on experience with China. It worked. They put in place rigourous new business processes etc .
I suggest we leave this to the court system to indict as found and look after our hard earned investments.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
